Kraken Parent Reportedly Eyes Hyperliquid as HYPE Tests $75 Support
- —Form of Kraken parent's interest in Hyperliquid remains undisclosed
- —HYPE tests $75 support, a zone where buying interest emerged before
- —Hyperliquid is an on-chain order book DEX focused on perpetuals
- —A break below $75 could accelerate selling; holding may stabilize the token
Why it matters: Interest from a major CEX operator in on-chain order books could signal growing institutional acceptance of DeFi derivatives infrastructure.
Source: Bitcoin Insider